PRIM VALLEY OUTLET FULL

By late 2017, the mall's mortgage was reportedly in default. Brookfield foreclosed in 2016, taking ownership of the mall. In 2012, the mall took out a $73-million mortgage, along with a $32-million loan from Brookfield Asset Management. Talisman announced in 2007 that it had obtained a $141 million loan to finance an expansion of the mall from 371,000 square feet (34,500 m 2) to 521,000 square feet (48,400 m 2).

PRIM VALLEY OUTLET FULL

Talisman Cos., a Florida-based real estate developer focused on turning around underperforming shopping centers, acquired a stake in the property in 2000, and by the following year, was reported to be seeking full ownership. TrizecHahn was set to sell its interests in the mall to The Rouse Company, but the sale did not materialize. The mall opened on July 16, 1998, at a cost of $75 million. It began as a joint project between two shopping center developers, the Gordon Group and TrizecHahn. Plans for the mall were announced in September 1995. The Fashion Outlets are connected to the Primm Valley Resort. The mall is divided into two themed courts: the Urban Court and the South Beach Court. The mall has 58 stores and restaurants, with some of its largest shops being outlets of Polo Ralph Lauren, Williams Sonoma, Banana Republic, and Coach. It is owned by Rialto Capital Management, on land leased from the Primm family. Prizm Outlets, formerly the Fashion Outlets of Las Vegas, is a 371,000-square-foot (34,500 m 2) outlet shopping center in Primm, Nevada, located just off Interstate 15 at the California state line, approximately 40 miles (64 km) southwest of Las Vegas.

Prim valley outlet